Friday, October 20th, 2017

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Nation’s CFOs Expect to Hire More

The nation's largest companies may hire more workers in the coming months.Chief financial officers at some of the nation's largest companies are bullish on hiring, a new survey indicates.

Financial Executives International, a professional organization, partnered with Baruch College's Zicklin School of Business to survey 249 CFOs near the beginning of October. A majority – 56 percent – said they expected their own firms to hire more workers in the next six months.

Overall, the executives expect hiring to rise 4 percent between now and the beginning of April.

"More than half of the CFOs indicate plans to hire in the next six months," John Elliott, the dean of the Zicklin School of Business, said. "Hopefully these plans will turn into action that will affect U.S. unemployment rates favorably."

Even small companies may have hiring plans in the works. Administaff, a human-resources outsourcing company, reports this week that about a quarter of small business owners expect to take on new employees in the near future. Sixty-seven percent plan to keep their workforces the same size, while just 9 percent anticipate layoffs.

The two surveys paint an employment picture that is gradually improving – good news for the nation's jobless and underemployed young people.

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